Can I retire at age 74 with 14,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,133,322
2 years$596,859$585,743$574,970$564,524$554,393$523,474
3 years$393,953$382,789$372,043$361,696$351,729$321,763
4 years$292,520$281,391$270,752$260,582$250,856$222,072
5 years$231,677$220,614$210,115$200,152$190,697$163,175
6 years$191,127$180,148$169,804$160,063$150,892$124,658
7 years$162,175$151,288$141,108$131,597$122,716$97,771
8 years$140,471$129,682$119,671$110,393$101,804$78,138
9 years$123,598$112,911$103,072$94,030$85,734$63,324
10 years$110,108$99,526$89,861$81,055$73,050$51,867
11 years$99,078$88,602$79,112$70,542$62,825$42,838
12 years$89,893$79,524$70,210$61,875$54,443$35,616
13 years$82,127$71,867$62,728$54,626$47,475$29,768
14 years$75,476$65,325$56,361$48,491$41,617$24,989
15 years$69,718$59,675$50,887$43,246$36,643$21,051
16 years$64,684$54,751$46,136$38,722$32,385$17,786
17 years$60,246$50,424$41,982$34,791$28,715$15,064
18 years$56,307$46,594$38,324$31,354$25,532$12,785
19 years$52,786$43,183$35,084$28,331$22,757$10,869
20 years$49,621$40,127$32,198$25,659$20,327$9,253
21 years$46,761$37,377$29,616$23,287$18,190$7,887
22 years$44,165$34,890$27,296$21,173$16,305$6,730
23 years$41,798$32,632$25,203$19,283$14,636$5,748
24 years$39,631$30,574$23,309$17,587$13,155$4,912
25 years$37,641$28,692$21,588$16,062$11,838$4,201
26 years$35,807$26,966$20,022$14,686$10,663$3,594
27 years$34,112$25,378$18,592$13,442$9,614$3,077
28 years$32,540$23,914$17,284$12,316$8,675$2,635
29 years$31,080$22,560$16,084$11,294$7,833$2,257
30 years$29,719$21,305$14,982$10,365$7,078$1,934
31 years$28,449$20,141$13,967$9,520$6,399$1,658
32 years$27,261$19,057$13,032$8,749$5,788$1,421
33 years$26,146$18,047$12,168$8,045$5,238$1,219
34 years$25,100$17,105$11,369$7,402$4,743$1,045
35 years$24,116$16,224$10,629$6,814$4,296$896
36 years$23,188$15,399$9,943$6,276$3,892$769
37 years$22,313$14,625$9,307$5,782$3,528$660
38 years$21,485$13,899$8,715$5,330$3,198$566
39 years$20,702$13,217$8,165$4,914$2,900$486
40 years$19,961$12,575$7,653$4,533$2,630$417
41 years$19,257$11,970$7,176$4,182$2,386$358
42 years$18,588$11,400$6,732$3,859$2,165$307
43 years$17,952$10,862$6,317$3,563$1,965$263
44 years$17,347$10,353$5,929$3,290$1,784$226
45 years$16,770$9,873$5,567$3,038$1,619$194
46 years$16,220$9,418$5,229$2,806$1,470$166
47 years$15,695$8,988$4,913$2,593$1,335$143
48 years$15,193$8,580$4,617$2,396$1,213$123
49 years$14,714$8,194$4,339$2,214$1,101$105
50 years$14,255$7,827$4,080$2,046$1,000$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $14,600,000, adding $6,025 every year, while hoping to spend $41,642 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 43/47/10 Blend
73$14,600,000$14,600,000$14,600,000$14,600,000
74$16,095,415$15,321,615$15,095,315$16,740,653
75$17,692,840$16,028,067$15,556,701$17,897,144
76$19,451,808$16,767,740$16,032,148$19,144,565
77$21,388,750$17,542,217$16,522,083$20,494,981
78$23,521,775$18,353,159$17,026,946$21,957,837
79$25,870,838$19,202,305$17,547,190$23,543,493
80$28,457,924$20,091,479$18,083,282$25,263,315
81$31,307,264$21,022,593$18,635,703$27,129,778
82$34,445,555$21,997,650$19,204,950$29,156,571
83$37,902,218$23,018,751$19,791,532$31,358,723
84$41,709,672$24,088,098$20,395,976$33,752,738
85$45,903,641$25,207,997$21,018,823$36,356,737
86$50,523,492$26,380,868$21,660,633$39,190,625
87$55,612,605$27,609,247$22,321,981$42,276,268
88$61,218,782$28,895,792$23,003,458$45,637,689
89$67,394,700$30,243,288$23,705,677$49,301,287
90$74,198,408$31,654,657$24,429,265$53,296,073
91$81,693,871$33,132,961$25,174,871$57,653,936
92$89,951,579$34,681,410$25,943,163$62,409,929
93$99,049,209$36,303,368$26,734,828$67,602,591
94$109,072,358$38,002,362$27,550,574$73,274,294
95$120,115,352$39,782,092$28,391,132$79,471,636
96$132,282,137$41,646,433$29,257,254$86,245,860
97$145,687,256$43,599,450$30,149,713$93,653,330
98$160,456,937$45,645,403$31,069,309$101,756,041
99$176,730,277$47,788,760$32,016,863$110,622,195
100$194,660,559$50,034,204$32,993,222$120,326,823